The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Caleres Inc shares valued at $212,765 were sold by SULLIVAN DIANE M on Jun 18 ’24. At $33.78 per share, SULLIVAN DIANE M sold 6,299 shares. The insider’s holdings dropped to 167,517 shares worth approximately $5.47 million following the completion of this transaction.
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Also, SULLIVAN DIANE M sold 19,764 shares, netting a total of over 665,276 in proceeds. Following the sale of shares at $33.66 each, the insider now holds 173,816 shares.
Before that, SULLIVAN DIANE M had sold 11,994 shares from its account. In a trade valued at $436,993, the Executive Chair traded Caleres Inc shares for $36.43 each. Upon closing the transaction, the insider’s holdings decreased to 11,994 shares, worth approximately $7.22 million.
As published in their initiating research note from KeyBanc Capital Markets on February 07, 2024, Caleres Inc [CAL] has been a Sector weight. Analysts at Piper Sandler downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in late May. As of February 21, 2023, Piper Sandler has increased its “Neutral” rating to a “an Overweight” for CAL. Earlier on October 25, 2022, Piper Sandler initiated its rating. Their recommendation was “a Neutral” for CAL stock.
Analyzing CAL Stock Performance
During the last five days, there has been a drop of approximately -1.36%. Over the course of the year, Caleres Inc shares have jumped approximately 6.31%. Shares of the company reached a 52-week high of $41.94 on 03/21/24 and a 52-week low of $28.36 on 01/16/24. A 50-day SMA is recorded $35.62, while a 200-day SMA reached $32.71. Nevertheless, trading volume fell to 0.19 million shares from 0.41 million shares the previous day.
Support And Resistance Levels for Caleres Inc (CAL)
According to the 24-hour chart, there is a support level at 32.49, which, if violated, would cause prices to drop to 32.30. In the upper region, resistance lies at 32.90. The next price resistance is at 33.13. RSI (Relative Strength Index) is 37.99 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.99, which suggests the price will decrease in the coming days. Percent R is at 83.77%, indicating bearish price movement. Stochastics%K at buying indicates that the stock is to be held.
